Mohawk Industries, Inc. (NYSE:MHK) Shares Bought by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC increased its stake in Mohawk Industries, Inc. (NYSE:MHK) by 115.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 90,784 shares of the company’s stock after buying an additional 48,653 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Mohawk Industries were worth $10,312,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MHK. Quest Partners LLC raised its stake in Mohawk Industries by 40.0% during the second quarter. Quest Partners LLC now owns 294 shares of the company’s stock worth $33,000 after purchasing an additional 84 shares during the period. Quarry LP increased its holdings in shares of Mohawk Industries by 70.4% during the 4th quarter. Quarry LP now owns 421 shares of the company’s stock worth $44,000 after buying an additional 174 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Mohawk Industries in the 2nd quarter worth $50,000. Quent Capital LLC boosted its holdings in Mohawk Industries by 27.2% in the first quarter. Quent Capital LLC now owns 496 shares of the company’s stock valued at $65,000 after acquiring an additional 106 shares during the last quarter. Finally, AM Squared Ltd acquired a new position in shares of Mohawk Industries in the 2nd quarter valued at about $68,000. 78.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 660 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $151.46, for a total transaction of $99,963.60. Following the sale, the insider now owns 118,709 shares in the company, valued at $17,979,665.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Rodney David Patton sold 755 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $162.78, for a total transaction of $122,898.90. Following the transaction, the vice president now directly owns 12,299 shares in the company, valued at $2,002,031.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Suzanne L. Helen sold 660 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $151.46, for a total transaction of $99,963.60. Following the sale, the insider now owns 118,709 shares of the company’s stock, valued at approximately $17,979,665.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,415 shares of company stock worth $673,387. Corporate insiders own 17.10% of the company’s stock.

Mohawk Industries Stock Up 4.3 %

MHK stock opened at $156.55 on Monday. The company has a current ratio of 1.92, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. The firm has a 50 day simple moving average of $143.98 and a 200-day simple moving average of $126.67. The company has a market capitalization of $9.88 billion, a P/E ratio of -23.94, a PEG ratio of 1.15 and a beta of 1.37. Mohawk Industries, Inc. has a twelve month low of $76.02 and a twelve month high of $164.05.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, July 25th. The company reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.25. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.84 billion. Mohawk Industries had a negative net margin of 3.30% and a positive return on equity of 8.07%. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period last year, the business earned $2.76 EPS. On average, equities research analysts predict that Mohawk Industries, Inc. will post 10 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MHK shares. JPMorgan Chase & Co. increased their price objective on shares of Mohawk Industries from $124.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Truist Financial increased their price target on Mohawk Industries from $135.00 to $184.00 and gave the company a “buy” rating in a report on Monday, July 29th. Barclays boosted their price objective on Mohawk Industries from $118.00 to $161.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Bank of America upgraded Mohawk Industries from an “underperform” rating to a “buy” rating and increased their target price for the company from $120.00 to $177.00 in a research note on Friday, July 26th. Finally, The Goldman Sachs Group boosted their price target on Mohawk Industries from $141.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Mohawk Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

Mohawk Industries Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.